Thursday, 22 October 2015

James Murdoch reveals Fox planning new bid for full control of Sky

http://www.theguardian.com/media/2015/oct/21/james-murdoch-reveals-fox-planning-new-bid-for-full-control-of-sky

James Murdoch

James Murdoch is not being happy as he is the chief executive 21st Century FOX as to not having full control on SKY. He believes that all the SKY from different countries in Europe should be one big group and should be controlled by one person. This was because he thought it was not 'optimal' meaning that they would not be a smart move to do if they are separate. Murdoch  tried to seek control then and the rumours are now that FOX might sell its stake in SKY, as it did in relinquishing individual stake in SKY italia and SKY Deutischland. Fox was later waqs forced to give up a £8bn bid for control of SKY in 2011.

1. Rupert Murdoch was going to make a bid to take over Time Warner which would have a made media behemoth of a deal.
2. Lachlan Murdoch is the co-executive chairmen
3.Fox owns 39% of Sky, which last year saw the UK operation pay £6.88bn to buy out its sister operations in Germany and Italy.

In my opinion in simple words its monopoly who can get control of the money for the business and the power. This article is explaining that they want to have full control of the business as all they want is all of SKY and one point Rupert Murdoch made a bid which would take Time Warner being a big media breaking deal. However I believe that this is a way to beat there competition like the BBC and any others, I think its too much for them have power to all one person as it will go down as you need to have people in there countries have control as you know what they like and if this does get controlled one person rating may go down and it will also lead to politics in a way.

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